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EARNINGS (LOSS) PER COMMON SHARE
 6 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER COMMON SHARE
(LOSS) EARNINGS PER COMMON SHARE
 
Basic (loss) earnings per share is computed using the weighted-average number of common shares outstanding for the period. Diluted (loss) earnings per share is calculated using the treasury stock method to reflect the assumed issuance of common shares for all potentially dilutive securities, which consist of outstanding stock options. Potentially dilutive shares are excluded from the computation of diluted (loss) earnings per share if their effect is anti-dilutive.

Options to purchase 318,750 and 493,750 shares of common stock were excluded from the computation of diluted shares for the three and six months ended March 31, 2019 and 2018, respectively, as their inclusion would have been antidilutive.
 
Reconciliations between net (loss) earnings attributable to Barnwell stockholders and common shares outstanding of the basic and diluted net (loss) earnings per share computations are detailed in the following tables:
 
Three months ended March 31, 2019
 
Net Loss
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Basic net loss per share
$
(2,125,000
)
 
8,277,160

 
$
(0.26
)
Effect of dilutive securities -
 

 
 

 
 

common stock options
—

 
—

 
 

Diluted net loss per share
$
(2,125,000
)
 
8,277,160

 
$
(0.26
)
 
Six months ended March 31, 2019
 
Net Loss
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Basic net loss per share
$
(6,725,000
)
 
8,277,160

 
$
(0.81
)
Effect of dilutive securities -
 

 
 

 
 

common stock options
—

 
—

 
 

Diluted net loss per share
$
(6,725,000
)
 
8,277,160

 
$
(0.81
)
 
Three months ended March 31, 2018
 
Net Earnings
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Basic net earnings per share
$
679,000

 
8,277,160

 
$
0.08

Effect of dilutive securities -
 

 
 

 
 

common stock options
—

 
—

 
 

Diluted net earnings per share
$
679,000

 
8,277,160

 
$
0.08

 
Six months ended March 31, 2018
 
Net Loss
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Basic net loss per share
$
(338,000
)
 
8,277,160

 
$
(0.04
)
Effect of dilutive securities -
 

 
 

 
 

common stock options
—

 
—

 
 

Diluted net loss per share
$
(338,000
)
 
8,277,160

 
$
(0.04
)